Product Strategy options support Competitive Advantage, including:

He is responsible for for planning, organizing, staffing, implementing, and controlling operations of a business.

It refers to the system and step by step process in the business.

These are the basic tools to produce goods or to generate services.

Production worker, assembler, carpenter mechanics, hairdressers, barbers and service crew are example of?

Educational qualifications and experience, status of employment, number of workers required, skills and expertise required for the job are some of the manpower criteria that are not really considered by the entrepreneur, the important is they are compassionate.

The following question are your guide in buying and examining the machine except.

The 4Ms of operation are:

It pertains to anything used as inputs to production.

The right human resources who will handle certain business operations

This are the processes to be followed in effectively manufacturing or delivering a product or service

These enumerate the duties and responsibilities of the potential employee, including the scope, limitations and terms and conditions of employment

The process of translating raw materials into finished goods that are acceptable to the customer's standards

Criteria in employment qualification which deals with the worker's integrity and how he or she deals with his or her coworkers, bosses and customers.

One of the highest costs of operating a business but is also the most instrumental to its success

Lina sold all ten t-shirts for 1,500 pesos. Suppose she added 50.00 pesos as mark-up price for every t-shirt. How much was the cost for every t-shirt sold?

Aling coring sold 5 pieces of rugs. She bought the rugs for 20 pesos and sold it for 35 pesos. How much is the total cost of goods sold?

Which office will you go to register your single owned business?

Which of the following is not a step to follow before operating a business?

Which of the following statements are true?

Which of the following refers to the marketing copy that explains what a product is and why it is worth purchasing?

It represents the final products from the production process and distributed to the customers.

It is a replica of a product.

Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?

Which of the following is the process or activities by which a company adds value to an article, including production, marketing, and provision of aftersales service.

It describes the rationale of how an organization creates, delivers, captures value in economic, social cultural or other contexts.

It is an entity that supplies goods and services to another organization.

Statement I- In selecting the type of equipment to purchase, the entrepreneur may consider cost and capacity of the equipment.

Statement II- The purpose of a product description is to supply customers through details around the features and benefits of the product.

Which of the following refers to the manufacturing equipment used in the production of goods or delivery of services?

Statement I-Skills and expertise is not important in considering manpower.

Statement II- Benefits are the reasons why customers will decide to buy the products.

It refers to the process or technique of converting raw materials to finished products.

Refers to the amount added to the cost of a product to determine the selling price

It is a planning tool that helps entrepreneur copes up with uncertainties in the future operation of the business.

Aling Marta sells bibingka in her neighborhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much is her daily revenue?

Refers to the amount paid to transport goods or merchandise purchased from the supplier to the buyer.

Profit or Loss is computed by subtracting cost / expenses from –

Aling Elvie sells t-shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos. How much is the mark-up?

The costs incurred through payment of utilities such as water, electricity, internet connection is considered as –

Merchandise or goods purchased are referred to as –

Refers to goods and merchandise at the beginning of operation of business or accounting period.

Refers to goods and merchandise left at the end of operation or accounting period.

Nathaniel sells bottled water in a nearby city bus terminal. Every day he can sell 30 pieces of bottled water at 20 pesos each. How much is Nathaniel’s daily sales?

It is a group of consumers or organizations that is interested in the product, has the resources to purchase the product, and is permitted by law and other regulations to acquire.

Journalizing is the first step in the accounting cycle.It is the process of recording business transactions in a journal.

Transactions are recorded in a journal in order by date

Which of the following best describes the meaning of ‘Purchases’?

It is the book of accounts wherein business transactions are recorded for the first time.

Why are source documents important?

This is a:

This is an example of a:

This is a:

A financial statement that reports the Sales or Income received, Expenses and the Net income of business is called ________.

A source document issued by the supplier acknowledging that full payment has been received from the customer.

  The following are financial records of ABC Corporation:

-          Revenues – 20,000                                    - Rent expense – 3,000

-          Salaries Expense – 4,000                          - Utilities expense – 2,000

How much is the total expense?

A type of business that is engage in buying and selling of food products such as Grocery/convenient stores.

It is the obligations of the company, payable in money, goods or services.

Identify the key responsibilities of a product manager.

The process of accomplishing a plan to make a business concept a reality

Daily activities that a business engages I bn.

It shows the interrelationship of positions of individuals in a business enterprise.

The overall administration of business to create the highest level of efficiency within an organization.

The main purpose of bookkeeping.

What is the classification of customer outcome expectations?

It relies on a computerized program to calculate the number of materials needed for production and to determine when they should be ordered or made.

What comprises the EDS?

a method of creating a product/service prototype where you draw your idea to help you visualize your prototype in grater detail

which of the following is NOT a journey for product/service development?

this picture is an example of a ....

Which of these prototypes is a model or replica of a machine or structure used for instructional or experimental purposes?

Which of these is an aspect of prototyping?

Which of these is a disadvantage of prototypes?

They ensure that the prototype works as planned. It also means validating the product in the eyes of the customers and markets, while testing the viability of the financial model for the product.

Which of the following refers to the marketing copy that explains what a product is and why it is worth purchasing?

It represents the final products from the production process and distributed to the customers.

It connects the potential of the new products by creating a market for them and it turns the purpose and passion into profit.

Crowdfunding can be good for

What do you call a system that outlines how certain activities are directed in order to achieve the goals of an organization?

Lillian receives all of the profits and is personally responsible of all of the losses of her business; what type of business does she have?

Google, Amazon, and Facebook are examples of...

When one owner dies, the business usually ends. What type of business is it?

Stockholders get paid when this type of business makes money.

This is a government agency where the business will register the company name.

A government registration for getting the license to operate in the city or municipality and payment of your local business taxes.

Mr. Villanueva uses small amounts of capital from his friends, who believe that Mr. Villanueva's new product is a breakthrough, to finance his new business venture. What Marketability validation is he using?

Which of the following should be taken into consideration in making an effective product description?

An act of predicting the future economic conditions on the basis of past and present information.

The ability of the supplier who have been in the business for a long period.

The process of the companies use to find qualified candidates to fill job openings.

a supplier's relationship promotes stronger commitments and encourages a greater interest in success for the material and finished goods.

An activity concerned with the collection, storage, and distribution of finished products or service to customers.

A factor of selecting a potential supplier that focused on managing your finances.

It involves all activities in the distribution through a product transmission to the final user.

The ability of qualified candidate that fits in and adjusts to your business culture.

Value-creating activities that convert inputs into finished products such as assembly and manufacturing.

The series of activities that focuses on adding value to the product for its valued customer.

The entrepreneur should have a clear idea on what is his purpose of putting up his enterprise. This is what the entrepreneur must establish to achieve the company's mission.

A duplication of a product it will be

produced, which may contain such details

as colors, graphics, packaging and

directions.

The tasks before operating the business must be _____________.

Promotes gainful employment opportunities, protects workers and promotes their welfare, develops human resources, and maintains industrial peace.